Tencent Reportedly Wants to Become Ubisoft's Biggest Shareholder
Chinese gaming giant Tencent Holdings wants to buy more of Ubisoft, and even become its biggest single shareholder.A new report from Reuters reveals that Tencent, the largest social network and gaming company in China, revealed the news. 'Tencent Holdings Ltd plans to raise its stake in French video game group Ubisoft Entertainment SA as the Chinese gaming giant pivots to the global gaming market,' revealed independent sources.Tencent acquired a 5% stake in Ubisoft back in 2018 after tensions between Ubisoft and investor Vivendi bubbled over, resulting in Vivendi selling all of its shares and agreeing not to purchase a stake in the company for at least five years.
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Tencent Reportedly Wants to Become Ubisoft's Biggest Shareholder
Chinese gaming giant Tencent Holdings wants to buy more of Ubisoft, and even become its biggest single shareholder.A new report from Reuters reveals that Tencent, the largest social network and gaming company in China, revealed the news. 'Tencent Holdings Ltd plans to raise its stake in French video game group Ubisoft Entertainment SA as the Chinese gaming giant pivots to the global gaming market,' revealed independent sources.Tencent acquired a 5% stake in Ubisoft back in 2018 after tensions between Ubisoft and investor Vivendi bubbled over, resulting in Vivendi selling all of its shares and agreeing not to purchase a stake in the company for at least five years.
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